Demystifying the crisis

How we interpret the recession and who we hold to account for it are key political and economic questions. As part of the Battle for the Economy summit organised by the Institute of Ideas, a panel discussion takes us beyond the usual suspects: the greedy bankers and consumer culture.  In these edited highlights from the session, the real causes of the recession take centre stage.  Panellists include: Warwick Lightfoot, economist; former special adviser to Chancellors Nigel Lawson, John Major and Norman Lemont; Phil Mullan, economist; Director of Business Transformation, Easynet; author, The Imaginary Time Bomb; Richard Portes, professor of economics, London Business School; founder and President, CEPR; Simon Nixon, European Editor, Wall Street Journal’s Heard on the Street columnist.